The Wall Street Journal’s Market Watch website has put together a slide show of companies profiting from the City of Detroit’s Bankruptcy filing. Among them are an auction house, Detroit’s bankruptcy lawyers, the bankruptcy lawyer turned emergency manager Kevyn Orr, and an global bank. Of note in the article are the large fees taken by […]
Dire Predictions for Detroit if Bankruptcy Dismissed
As Detroit’s bankruptcy lawyers await the verdict in bankruptcy court for the Eastern District of Michigan, citizens of Detroit are taking notice of the restoration of city services. Bankruptcy and business lawyers commentating on the city’s bankruptcy have noted that the city will be pressed for much harder times if the bankruptcy court dismisses Detroit’s […]
Bankruptcy Lawyers Advise Detroit Eligibility Comes Down to Good Faith
Bankruptcy lawyers for the City of Detroit have made their case that the city negotiated in good faith with union heads to avoid a bankruptcy filing. Union bankruptcy lawyers have also made their case that the city did not negotiate in good faith. The bankruptcy court will now wait for brief’s from both sides of […]
Detroit Bankruptcy Pits Pensioners Verse Tax Payers
The British news website The Guardian has a story regarding Detroit’s bankruptcy and the impact on pensioners. It does a good job of explaining the fear that individuals who served the City of Detroit have in losing pension income. In the coming weeks and months the bankruptcy court will have to address these issues. Bankruptcy […]
Detroit Mayor Elect Hopes to have Impact on Bankruptcy
Former lawyer and Detroit mayor elect Mike Duggan expects to have an impact on the Detroit bankruptcy. It is unknown what impact the former attorney will have on the bankruptcy. Bankruptcy attorneys that have commented on the matter believe a new mayor will have no influence on Detroit’s pending bankruptcy matter. Bankruptcy lawyers in the […]
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